Lee Financial Co grew its stake in shares of JPMorgan Alerian MLP Index ETN (NYSEARCA:AMJ) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 446,572 shares of the exchange traded fund’s stock after purchasing an additional 40,870 shares during the quarter. JPMorgan Alerian MLP Index ETN accounts for 2.7% of Lee Financial Co’s investment portfolio, making the stock its 11th biggest position. Lee Financial Co owned 0.38% of JPMorgan Alerian MLP Index ETN worth $11,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of AMJ. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Alerian MLP Index ETN during the fourth quarter worth about $25,000. Winslow Evans & Crocker Inc. increased its holdings in JPMorgan Alerian MLP Index ETN by 103.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 926 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 470 shares during the last quarter. Private Capital Group LLC bought a new stake in JPMorgan Alerian MLP Index ETN in the fourth quarter valued at about $27,000. We Are One Seven LLC bought a new stake in JPMorgan Alerian MLP Index ETN in the fourth quarter valued at about $31,000. Finally, Cedar Wealth Management LLC bought a new stake in JPMorgan Alerian MLP Index ETN in the fourth quarter valued at about $44,000.

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AMJ stock traded down $0.10 during midday trading on Friday, reaching $25.46. The company had a trading volume of 139,063 shares, compared to its average volume of 2,003,479. JPMorgan Alerian MLP Index ETN has a fifty-two week low of $21.09 and a fifty-two week high of $29.87.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 29th will be paid a $0.4106 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.64 dividend on an annualized basis and a yield of 6.45%.

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